Over the past few days, Tron’s wallet holders have shown tremendous activity in moving the sixteenth largest crypto from one point to another.
As a data feed to Whale Alert, an advanced cryptanalysis tracker revealed that an unknown major investor moved 51,302,229 #TRX ($ 1,342,201) from an unknown wallet to Okex, a fast-growing crypto exchange.
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51,302,229 #TRX ($ 1,342,201) transferred to #Okex from an unknown wallet
– Whale Alert (@whale_alert) October 5, 2020
Economic data can be found on the Nairametrics Research website
TRON at the time of this report is trading at $ 0.02627043 with the daily trading volume of $ 885 million down 0.8% over the past 24 hours.
TRON has a circulating supply of 72 billion coins and a maximum supply of 101 billion coins.
Should You Buy Tron? Nairametrics will allow the jury to rule on such a bias, but it should be noted that it is one of the fast growing cryptos in the crypto-verse. A few months ago, Tron was ranked 56th and is now astronomically among the sixteenth most valued cryptos.
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While Tron is emerging from Ethereum, there are good chances that the momentum is catching Ethereum-based cryptos, driving prices higher.
What do you need to know; TRON is a blockchain-based platform that aims to ensure that its technology is suitable for everyday use. While Bitcoin can process up to six transactions per second and Ethereum up to 25 transactions, TRON states that its network has a capacity of 2,000 TPS – 24/7.
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This project can best be described as a decentralized platform focused on content sharing and entertainment. To this end, one of the largest acquisitions was the file sharing service BitTorrent in 2018.
TRON is one of the largest and most popular blockchains in the world, ranked fifteenth by market value, and has formed a strategic alliance with BitGo, the leading provider of financial services for digital assets, to bring wrapped bitcoin (WBTC) and a newly minted wrapped ether to the Market to bring TRON ecosystem as TRC20 token.
READ: Tron Whale moves 40,000,000 TRX from Okex
Just recently, TRON CEO Justin Sun tweeted about the increasing transaction volume of Defi-Krypto, which Tron happened to hear through tweeting.
@Tronfoundation: DeFi ecosystem transaction volume in Q3 2020
The transaction volume increased by 2,577%.
TRON’s DEX category accounts for 41% of the total volume.
Let’s go #TRON! #TRX $ TRX https://t.co/E6rKBF8MeD
– Justin Sun🌞 (@justinsuntron) October 3, 2020